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1、精品文档Repayment Agreement_(hereinafterreferred to as “PartyA”)Address:Legal representative:_(hereinafterreferred to as “PartyB”)Address:Legalrepresentative:Whereas:Party A and PartyB signed a “contract ”(nr: _)on _(date). The term of thedistribution contractstarted from_andended on _. Party Ashallsupp
2、ly_accordingtoits obligationunderthe contract andParty B shallpayPartyA the amount of thecontact.Bythedate ofthis repaymentagreement, PartyB stillowes PartyA the amount ofthecontractof_(RMB_)NOW, THEREFORE,based on the foregoing and in consideration of the mutual promises and covenants contained her
3、ein, the adequacy of which is hereby acknowledged, the parties agree as follows:Article 1 Parties hereby recognize thatParty B shall pay Party A _, the totalamountof the contractthat itowed to Party A.Article2 Party A and Party B hereby agrees as followsthrough negotiation:During the period from _,
4、in total _ months, PartyB shall pay the amount it owes to Party A. PartyB shall pay 10% of the total amount every month namely_per month. PartyB shall pay the installment before the end of everymonth. Party B willprovide the evidence of payment to Party Awithin_workingdays after anyone of the instal
5、lment is due, and PartyA willjustifythis fact.Article 3 Compulsory enforcementParty A is entitled to apply for the compulsory enforcement from the court of c ompetent jurisdiction according to this agreement herein which is compulsory enforceable.精品文档and the enforcement certification.the eligiblebus
6、iness license(duplicate) by annual inspectionletter of authorization /POA power of attorneythe application for compulsory enforcement.the written documents of Party Bs performance(the repayment status of Party B including the already paid/unpaid amount of the debt.)the hereby agreement which is comp
7、ulsory enforceable by notary.(5) The notificationof performance by Party A to Party B under the monitorof the notary.Other essential documents.6.PartyB undertakesto be enforcedwithallofitsassets includingbutnotlimitedto thefollowing:AnybreachofprovisionshereofshallconstitutethematerialbreachofthisAg
8、reement.Withoutprejudiceto thereliefmeasuresthat Party A is entitledto allremedialmeasuresundertherelatedagreementorlaws,PartyAisentitledtounilaterallytakesomeor allofthe followingmeasuresifParty Bactsin breachofprovisionsofthis Agreement:theeligiblebusiness license(duplicate)byannualinspection;thef
9、inancial statements, includingbutnotlimitedthe latestone;thewrittendocumentsof Party B s performance(the repayment status ofParty Bincluding thealreadypaid/unpaidamount of thedebt.);(7) Other essential documents.Allpast-due principaland/or interest shallbear interest at the lesser of the highest rat
10、e for whichtheundersigned may legallycontract or the rate of 18% per annum (theDefaultRate), and such Default Rate shallcontinueto applyfollowing ajudgmentin favorofParty Aunder this Agreement. If PartyB fails toke any payment orinstallment due under this Agreementwithinfive days of its due date, th
11、eunpaid amount willbeconsidered overdue andPartyBshall pay to Party A inaddition to any other sumdueunder this Agreement orany other agreementa latecharge equal to 10%of such past-due payment orinstallment.(i)Party A isentitledtoto declare allpayments due under immediatelydue.精品文档and payable and the
12、 right to recover all fees and expenses (including rea sonable attorney fees) in connection with the collection or enforcement th ereof, which fees and expenses shall constitute additional Obligations of P arty B hereunder;should Party B in any respect fail to perform the said payment obligations co
13、 ntained in the Agreement or commits any breach thereof, require Party Bto take whatever steps as may be necessary to achieve performance of the obligation thereof, in accordance with terms of the Agreement.Article4ConfidentialityAnyparty ofthis agreement shall not disclose the relevant matterto any
14、thirdParty Beforetheaccomplishmentoftheforegoing transaction without theconsent of the other partyunless specificallyset forthby the relevant rulesand regulations ofPRC,thearticle ofcompanyor any otheragreement reached by bothparties inwriting.Article6 Dispute SettlementBoth parties agree that any dispute arising out or relating to this agreement shall be settled in the court of competent jurisdiction.Article7 Miscellaneous1. This agreement willcome intoeffectIN WITNESS WHEREOF , the present Agreement is made in two (3) originals with each party holding one ori
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